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Attachment A <br />ARTICLE VII <br />Other Financing <br />Section 7.1. Generallv. Before Closing, the Redeveloper shall submit to the City or <br />provide access thereto for review by City staff, consultants and agents, evidence reasonably <br />satisfactory to the City that Redeveloper has available funds, or commitments to obtain funds, <br />whether in the nature of mortgage financing, equity, grants, loans, or other sources sufficient for <br />paying the cost of the construction of the Minimum Improvements, provided that any lender or <br />grantor commitments shall be subject only to such conditions as are normal and customary in the <br />commercial lending industry. <br />Section 7.2. City's O�tion to Cure Default on Mort�a�e. In the event that any portion of <br />the Redeveloper's funds is provided through mortgage financing, and there occurs a default under <br />any Mortgage authorized pursuant to Article VII of this Agreement, the Redeveloper shall cause <br />the City to receive copies of any notice of default received by the Redeveloper from the holder of <br />such Mortgage. Thereafter, the City shall have the right, but not the obligation, to cure any such <br />default on behalf of the Redeveloper within such cure periods as are available to the Redeveloper <br />under the Mortgage documents. <br />Section 7.3. Modification; Subordination. The City agrees to subordinate its rights <br />under this Agreement to the Holder of any Mortgage securing construction or permanent <br />financing, in accordance with the terms of a subordination agreement substantially in the form <br />attached as Schedule E, or such other form as the City approves. <br />(The remainder of this page is intentionally left blank.) <br />17 <br />7174856v3 <br />